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Ann: Trading Halt, page-48

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19/05/18

18:56

Post #: 33210973
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Originally posted by OzJ ↑

I am curious about the trading halt. The announcement of the guaranteed $30m from BeepTool didn't require a trading halt. Put aside whether you think that deal is viable or not, it's a $6m/year deal for a company that previously had $0/yr in deals. And that didn't require a trading halt to announce.

So that makes me curious what this announcement/deal could be that requires a trading halt.

Previously, it was either equity changes/capital raising or Diamond milestones like launch and certification that required trading halts to announce. That leads me to think that either this deal is seriously more significant that $6m/yr in revenue or it is related to a GomSpace development or an equity arrangement.

Hmm... anyways. I'm curious.

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I suppose a contract with Beeptool (a startup still scrounging around for startup funding) is very different to a contract with Globalsat Group, a major player in comms in South America with partnerships with Iridium and Immarsat and govt contracts. A company that has been around for nearly 20 years and would have deep pockets.

SAS Price at posting: 9.1¢ Sentiment: Buy Disclosure: Held
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Ann: Trading Halt, page-48

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